Fed Chair Powell: Confidence grows as inflationary pressures fall
On 1 August, Federal Reserve Chairman Jerome Powell said that the overall picture of falling inflationary pressures was good. This is a broader pullback in inflation, and the slowdown in inflation has shifted from commodity prices to non-housing services and housing factors.
Powell also said that he hoped inflation would slow to 2 per cent and that confidence was growing because we were getting good data.
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